REG - Gelion PLC - Block Admission Return

GelionAnnouncement

27/07/2022 07:16

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RNS Number : 8410T  Gelion PLC  27 July 2022

Gelion plc

("Gelion" or the "Company")

Block Admission Return

The Company provides the following update in accordance with Schedule Six of
the AIM Rules for Companies regarding its existing block listing arrangements:

 

 a  Name of company                                                                 Gelion plc

 b  Name of scheme                                                                  Gelion plc scheme:

                                                                                                            Shares

                                                                                    Existing Share Option Plan
                                                                                     8,100,000

 c  Period of return (from/ to)                                                     26 January 2022 to 26 July 2022

 d  Number and Class of Securities not issued at the start of the period under the  8,100,000 ordinary shares of 0.1p each
    scheme
 e  Additional listing                                                              Nil
 f  Number of securities issued under the scheme during the period

                                                                                                                    Shares

                                                                                    Existing Share Option Plan
                                                                                                         111,000
 g  Balance under the scheme of securities not yet issued at the end of the period

                                                                                       Shares

                                                                                    Existing Share Option Plan
                                                                                      7,989,000

 h  Number and class of securities originally admitted and the date of admission    8,100,000 ordinary shares of 0.1p each

 i  Contact name - Company                                                          Amit Gupta

    Telephone number                                                                020 7749 2640

                                                                                    Christopher Raggett

    Contact name - finnCap Ltd                                                      020 7220 0500

    Telephone number

 

 

CONTACTS

 Gelion plc                                                    via Alma PR

 Hannah McCaughey, CEO

 Thomas Maschmeyer, Founder and Principal Technology Advisor

 finnCap Ltd (Nominated Adviser and Sole Broker)               +44 207 220 0500
 Christopher Raggett (Corporate Finance)

 Seamus Fricker (Corporate Finance)

 Fergus Sullivan (Corporate Finance)

 Barney Hayward (ECM)

                                                               +44 20 3405 0205

 Alma PR (Financial PR Adviser)                                gelion@almapr.co.uk

 Justine James

 Josh Royston

 Hannah Campbell

 

About Gelion plc

 

Gelion ("gel: ion") is a global renewable-energy storage innovator. By
designing and manufacturing the world's best batteries for stationary and
mobile energy, we support the transition to a sustainable economy while
delivering value for customers and investors.

 

Stationary storage - Gelion Endure: the sustainable energy storage solution

Gelion has developed patented technology for a breakthrough zinc-bromide
battery to support the transition to a carbon neutral economy by 2050. The
technology is a low-cost, robust, safe and recyclable alternative to
lithium-ion and lead-acid batteries making them ideally suited for the
expanding energy storage market.

 

Gelion's zinc-bromide gel battery uses non-flow technology, which is scalable,
can deliver 100% depth of discharge and has a higher temperature tolerance and
longer duration discharge than competing lead-acid and lithium-ion batteries.
With applications at grid scale as well as in agriculture, mining, water
management and irrigation the battery is also highly adaptable for off-grid
use.

 

Mobile storage - Tomorrow's transport systems will rely on mobile renewable
energy.

Gelion is also developing performance additives to improve the safety,
longevity and energy density of lithium-based batteries for mobile
applications. Using nanotechnology, Gelion's lithium-silicon and
lithium-sulfur additives will help power the EV and e-aviation markets.

 

Gelion was spun-out from the University of Sydney in 2015 by Professor Thomas
Maschmeyer, one of the world's leading chemists, Fellow of the Australian
Academy of Science and recipient of the Australian Prime Minister's Prize for
Innovation 2020, that country's highest honour for scientific
entrepreneurship.

 

The Company's ESG credentials are strongly aligned to six of the UN's 17
Sustainable Development Goals.

 

Gelion's shares are listed on the AIM market of the London Stock Exchange and
it received the Green Economy Mark at IPO in November 2022 recognising its
commitment to energy transition.

 

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